The leading players operating in the global defoamers market are Dow Corning Corporation, Air Products and Chemicals Inc., Bluestar Silicones, Ashland, Inc. Kemira Oyj, and Evonik Industries AG. The cumulative share of these players in the global market stood at 20.7% in 2014. These players boast of a suite of dedicated manufacturing technologies owing to their vast experience and expertise, which has turned into a winning strategy for them. Mergers and acquisitions will come to define the competitive landscape as well-established players are expected to focus on improving their geographical reach, making a major change to the overall market.
The report states that the opportunity in the global defoamers market will be worth US$4.10 bn by 2023 rising from US$2.76 bn in 2014. During the forecast years of 2015 and 2023, the global market will expand at a CAGR of 4.5%. Asia Pacific is expected to account for a sizeable share of 37.9% in the global defoamers market in terms of volume. The unprecedented economic development in Asia Pacific is expected to drive the growth of defoamers market in the region over the forecast years. Meanwhile, the silicone-based defoamers segment is projected to assume the lead in the global market, as the segment is estimated to rise at a CAGR of 4.6% between 2015 and 2023.
The possibility of risk to human health due to defoaming additives in the various types of food and beverages is expected to discourage the growth of the global market. Defoamers are directly used in the production of fried and packaged food items such as nuggets, fries, potatoes, etc., for enhancing their quality. However, the same defoamers are used in manufacturing paper or plastic. Thus, these harsh chemicals can result in a health hazard. The growing awareness about eating healthy and the rising consciousness about the ill-effects of consuming packaged food are anticipated to act as a major restraint for the overall market in the near future.
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